Samsung has launched a new production process for its 7nm chips, making them more energy efficient, which could prove a boon for crypto miners. Samsung’s production wing, Samsung Foundry, has launched a new production process of its 7-nanometer (nm) Low Power Plus (7LPP) process node, which could reduce its energy consumption by up to 50 […]
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The U.S. SEC has created the Strategic Hub for Innovation and Financial Technology which will focus on fintech-related issues, including DLT and cryptocurrencies. The U.S. Securities and Exchange Commission (SEC) has launched the agency’s Strategic Hub for Innovation and Financial Technology (FinHub), according to an official announcement published Oct. 18. The FinHub will be run […]
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Are Mastercard and VISA about to deem crypto and ICOs ‘high risk’? On October 12, Finance Magnates reported that payment giants Mastercard and VISA will both soon group cryptocurrency and Initial Coin Offering (ICO) jurisdictions in a new “high risk” category. What are the consequences for those ‘high risk’ merchants? According to the publication’s undisclosed […]
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The head of Russia’s Central Bank, Elvira Nabiullina, remains skeptical about cryptocurrencies’ popularity, which she has previously compared to “gold fever.” The head of Russia’s central bank, Elvira Nabiullina, believes that “crypto fever” is beginning to diminish, major Russian news agency RIA Novosti reports Thursday, Oct. 18. Nabiullina, while speaking at finance innovation forum Finnopolis […]
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Dubai and the United Arab Emirates are making concerted efforts to be global leaders in blockchain adoption. In some countries around the world, governments have had a stifling effect on the adoption of blockchain technology. Conversely, the government of the UAE and Dubai have been the driving force behind the promotion of blockchain use in […]
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U.S. crypto wallet and blockchain security firm BitGo gets $15 million from banking giant Goldman Sachs and Galaxy Digital’s Mike Novogratz. U.S. banking giant Goldman Sachs and its former partner Mike Novogratz, now CEO of crypto investment firm Galaxy Digital, have recently invested in U.S. crypto custody service BitGo, Bloomberg reports Wednesday, Oct. 18. In […]
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U.K.-based global security company G4S has announced a new high-security “vault storage” for holding crypto assets. U.K.-based multinational security services company G4S has developed a new service for protecting cryptocurrency assets, the firm announced in an official press release Thursday, Oct. 18. G4S, formerly Group 4 Securicor, has released an “innovative security solution” for holding […]
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Samsung Electronics has announced that it has acquired Zhilabs to further enhance its 5G capabilities. Zhilabs is known for its Artificial Intelligence (AI)-based network and service analytics, and that AI-based automation will enable Samsung to introduce new services in the 5G era, such as industrial Internet of Things (IoT) and connected cars. In addition, AI-based transformation […]
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A new study has found that hackers can use appliances that are connected via the Internet of Things (IoT) to set off widespread blackouts. The data from a Princeton University study found that hackers are able to take control of washing machines, refrigerators, air conditioners, and other connected devices to “manipulate the power demand in the grid,” […]
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Macy’s and Marxent have announced a partnership that will enable the largest virtual reality (VR) rollout in retail history, with approximately 70 Macy’s VR installations in stores nationwide. It is expected that an additional 20 locations will be launched by January 2019, enabling customers to discover products and make informed buying decisions using the Macy’s […]
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